Contents

By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country".[1][2] As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting Governors.[1][2]

The Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.[3] It also supervises and regulates the operations of the Federal Reserve Banks, and the U.S. banking system in general.

Membership is by statute limited in term, and a member that has served for a full 14 year term is not eligible for reappointment.[4] There are numerous occasions where an individual was appointed to serve the remainder of another member's uncompleted term, and has been reappointed to serve a full 14-year term.[4] Since "upon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified",[4] it is possible for a member to serve for significantly longer than a full term of 14 years. The law provides for the removal of a member of the Board by the President "for cause".[4]

The Chair and Vice Chair of the Board of Governors are appointed by the President from among the sitting Governors. They both serve a four-year term and they can be renominated as many times as the President chooses, until their terms on the Board of Governors expire.[1]

1.
Eccles Building
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The Marriner S. Eccles Federal Reserve Board Building houses the main offices of the Board of Governors of the Federal Reserve System. It is located at 20th Street and Constitution Avenue, N. W. in Washington, the building, designed in the stripped classicism style, was designed by Paul Philippe Cret and completed in 1937. President Franklin Delano Roosevelt dedicated the building on October 20,1937, the building was named after Marriner S. Eccles, Chairman of the Federal Reserve under President Roosevelt, by an Act of Congress on October 15,1982. Previously it had known as the Federal Reserve Building. The principal officials overseeing the competition were Charles Moore, chairman of the United States Commission of Fine Arts, miller, a member of the Board since 1914. In describing the character of the building as governmental, it is not, however, for this reason it is suggested that the use of columns, pediments and other such forms may be altogether omitted and should be restricted to the character of the building as above described. Proposals were received from such as John Russell Pope and James Gamble Rogers. Ultimately, the winner of the competition was the classical design by Paul Philippe Cret. Paul Philippe Cret was a naturalized U. S. citizen who had trained at the École des Beaux-Arts in Lyons and he was invited to the United States in 1903 to establish the department of architecture at the University of Pennsylvania, and established his own practice in 1907. His first major commission was the Pan American Union Building, in Washington and this led to many other commissions for war memorials, civic buildings, court houses, and museums in cities such as Detroit, Hartford, Philadelphia, Indianapolis and Washington, D. C. By 1935, under the influence of Modernism, Crets style had evolved toward the classicism of buildings such as the Folger Shakespeare Library. But true to the Beaux-Arts tradition, he oversaw every aspect of the project, including technical. The four-story building, with an exterior of Georgia marble, is in the shape of the letter H, the interior has a two-story atrium with dual staircases and a skylight etched with the outline of an eagle. The atrium floor is of marble and its walls are of travertine marble, the largest meeting space is the two-story Board Room. Construction of the began in 1935 and was completed in 1937. Its pragmatic classicism captured the spirit of Depression-era and wartime Washington, Cret employed nationally recognized artists to complete the ornamentation and furnishing of the building. Samuel Yellin, a noted wrought-iron craftsman from Philadelphia, designed and executed numerous railings, gates, the furniture was produced by W. & J. Sloane, New York, with the architects having the final responsibility. Federal Reserve 1937 newsreel announcement of FED’s new headquarters

2.
Chair of the Federal Reserve
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The Chair of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States. The position is colloquially as Chair of the Fed or Fed Chair. The chair is the executive officer of the Board of Governors of the Federal Reserve System. The chair is chosen by the President of the United States from among the members of the Board of Governors, a chair may be appointed for several consecutive terms. William Martin was the longest serving chair, holding the position from 1951 to 1970, the current chair is Janet Yellen, the first woman to hold the position. She began her term on February 1,2014, and previously served as the Vice-Chair from 2010 to 2014, the current term will end on or about February 1,2018. Section 203 of the Banking Act of 1935 changed the name of the Federal Reserve Board to the Board of Governors of the Federal Reserve System, the directors salaries were significantly lower and their terms of office were much shorter prior to 1935. In effect, the Federal Reserve Board members in Washington, D. C. were significantly less powerful than the presidents of the regional Federal Reserve Banks prior to 1935, in the 1935 Act, the district heads had their titles changed to President. Thus, Marriner Eccles was the first actual Chairman of the Board of Governors of the Federal Reserve Board, the others prior to 1935 were Chairman of the Board of Directors of the Federal Reserve System, with much more circumscribed power. The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms, by law, the chair reports twice a year to Congress on the Federal Reserves monetary policy objectives. He or she also testifies before Congress on numerous other issues, the following is a list of past and present Chairs of the Board of Governors of the Federal Reserve System. A chair serves for a term after appointment, but may be reappointed for several consecutive four-year terms. As of 2014, there have been a total of fifteen Fed Chairs, history of central banking in the United States Beckhart, Benjamin Haggott. The fourth branch, the Federal Reserves unlikely rise to power, Executive Order 11110 - Amendment of Executive Order No.10289 as Amended, Relating to the Performance of Certain Functions Affecting the Department of the Treasury. Via UCSB. edu Official website Public Statements of the Chairs of the Board of Governors of the Federal Reserve System, via the St

3.
President of the United States
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The President of the United States is the head of state and head of government of the United States. The president directs the executive branch of the government and is the commander-in-chief of the United States Armed Forces. The president is considered to be one of the worlds most powerful political figures, the role includes being the commander-in-chief of the worlds most expensive military with the second largest nuclear arsenal and leading the nation with the largest economy by nominal GDP. The office of President holds significant hard and soft power both in the United States and abroad, Constitution vests the executive power of the United States in the president. The president is empowered to grant federal pardons and reprieves. The president is responsible for dictating the legislative agenda of the party to which the president is a member. The president also directs the foreign and domestic policy of the United States, since the office of President was established in 1789, its power has grown substantially, as has the power of the federal government as a whole. However, nine vice presidents have assumed the presidency without having elected to the office. The Twenty-second Amendment prohibits anyone from being elected president for a third term, in all,44 individuals have served 45 presidencies spanning 57 full four-year terms. On January 20,2017, Donald Trump was sworn in as the 45th, in 1776, the Thirteen Colonies, acting through the Second Continental Congress, declared political independence from Great Britain during the American Revolution. The new states, though independent of each other as nation states, desiring to avoid anything that remotely resembled a monarchy, Congress negotiated the Articles of Confederation to establish a weak alliance between the states. Out from under any monarchy, the states assigned some formerly royal prerogatives to Congress, only after all the states agreed to a resolution settling competing western land claims did the Articles take effect on March 1,1781, when Maryland became the final state to ratify them. In 1783, the Treaty of Paris secured independence for each of the former colonies, with peace at hand, the states each turned toward their own internal affairs. Prospects for the convention appeared bleak until James Madison and Edmund Randolph succeeded in securing George Washingtons attendance to Philadelphia as a delegate for Virginia. It was through the negotiations at Philadelphia that the presidency framed in the U. S. The first power the Constitution confers upon the president is the veto, the Presentment Clause requires any bill passed by Congress to be presented to the president before it can become law. Once the legislation has been presented, the president has three options, Sign the legislation, the bill becomes law. Veto the legislation and return it to Congress, expressing any objections, in this instance, the president neither signs nor vetoes the legislation

4.
United States Senate
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The United States Senate is the upper chamber of the United States Congress which, along with the House of Representatives, the lower chamber, composes the legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. S. From 1789 until 1913, Senators were appointed by the legislatures of the states represented, following the ratification of the Seventeenth Amendment in 1913. The Senate chamber is located in the wing of the Capitol, in Washington. It further has the responsibility of conducting trials of those impeached by the House, in the early 20th century, the practice of majority and minority parties electing their floor leaders began, although they are not constitutional officers. This idea of having one chamber represent people equally, while the other gives equal representation to states regardless of population, was known as the Connecticut Compromise, there was also a desire to have two Houses that could act as an internal check on each other. One was intended to be a Peoples House directly elected by the people, the other was intended to represent the states to such extent as they retained their sovereignty except for the powers expressly delegated to the national government. The Senate was thus not designed to serve the people of the United States equally, the Constitution provides that the approval of both chambers is necessary for the passage of legislation. First convened in 1789, the Senate of the United States was formed on the example of the ancient Roman Senate, the name is derived from the senatus, Latin for council of elders. James Madison made the comment about the Senate, In England, at this day, if elections were open to all classes of people. An agrarian law would take place. If these observations be just, our government ought to secure the permanent interests of the country against innovation, landholders ought to have a share in the government, to support these invaluable interests, and to balance and check the other. They ought to be so constituted as to protect the minority of the opulent against the majority, the senate, therefore, ought to be this body, and to answer these purposes, the people ought to have permanency and stability. The Constitution stipulates that no constitutional amendment may be created to deprive a state of its equal suffrage in the Senate without that states consent, the District of Columbia and all other territories are not entitled to representation in either House of the Congress. The District of Columbia elects two senators, but they are officials of the D. C. city government. The United States has had 50 states since 1959, thus the Senate has had 100 senators since 1959. In 1787, Virginia had roughly ten times the population of Rhode Island, whereas today California has roughly 70 times the population of Wyoming and this means some citizens are effectively two orders of magnitude better represented in the Senate than those in other states. Seats in the House of Representatives are approximately proportionate to the population of each state, before the adoption of the Seventeenth Amendment in 1913, Senators were elected by the individual state legislatures

5.
Democratic Party (United States)
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The Democratic Party is one of the two major contemporary political parties in the United States, along with the Republican Party. The Democrats dominant worldview was once socially conservative and fiscally classical liberalism, while, especially in the rural South, since Franklin D. Roosevelt and his New Deal coalition in the 1930s, the Democratic Party has also promoted a social-liberal platform, supporting social justice. Today, the House Democratic caucus is composed mostly of progressives and centrists, the partys philosophy of modern liberalism advocates social and economic equality, along with the welfare state. It seeks to provide government intervention and regulation in the economy, the party has united with smaller left-wing regional parties throughout the country, such as the Farmer–Labor Party in Minnesota and the Nonpartisan League in North Dakota. Well into the 20th century, the party had conservative pro-business, the New Deal Coalition of 1932–1964 attracted strong support from voters of recent European extraction—many of whom were Catholics based in the cities. After Franklin D. Roosevelts New Deal of the 1930s, the pro-business wing withered outside the South, after the racial turmoil of the 1960s, most southern whites and many northern Catholics moved into the Republican Party at the presidential level. The once-powerful labor union element became smaller and less supportive after the 1970s, white Evangelicals and Southerners became heavily Republican at the state and local level in the 1990s. However, African Americans became a major Democratic element after 1964, after 2000, Hispanic and Latino Americans, Asian Americans, the LGBT community, single women and professional women moved towards the party as well. The Northeast and the West Coast became Democratic strongholds by 1990 after the Republicans stopped appealing to socially liberal voters there, overall, the Democratic Party has retained a membership lead over its major rival the Republican Party. The most recent was the 44th president Barack Obama, who held the office from 2009 to 2017, in the 115th Congress, following the 2016 elections, Democrats are the opposition party, holding a minority of seats in both the House of Representatives and the Senate. The party also holds a minority of governorships, and state legislatures, though they do control the mayoralty of cities such as New York City, Los Angeles, Chicago, Houston, and Washington, D. C. The Democratic Party traces its origins to the inspiration of the Democratic-Republican Party, founded by Thomas Jefferson, James Madison and that party also inspired the Whigs and modern Republicans. Organizationally, the modern Democratic Party truly arose in the 1830s, since the nomination of William Jennings Bryan in 1896, the party has generally positioned itself to the left of the Republican Party on economic issues. They have been liberal on civil rights issues since 1948. On foreign policy both parties changed position several times and that party, the Democratic-Republican Party, came to power in the election of 1800. After the War of 1812 the Federalists virtually disappeared and the national political party left was the Democratic-Republicans. The Democratic-Republican party still had its own factions, however. As Norton explains the transformation in 1828, Jacksonians believed the peoples will had finally prevailed, through a lavishly financed coalition of state parties, political leaders, and newspaper editors, a popular movement had elected the president

6.
Federal Reserve Bank of New York
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The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY. S, among the other regional banks, New York Federal Reserve Bank and its president are considered first among equals. Its current president is William C and it is by far the largest, most active and most influential of the 12 regional Federal Reserve Banks. The New York Fed is the largest in terms of assets of the regional banks. Operating in the capital of the U. S. the New York Fed is responsible for conducting open market operations. The Trading Desk is the office at the Federal Reserve Bank of New York that manages the FOMC Directive to sell or buy bonds, note that the responsibility for issuing new U. S. Treasury securities lies with the Bureau of the Public Debt. It transferred an additional $1.3 trillion a day in securities, the New York Fed is also responsible for carrying out exchange rate policy by buying and selling dollars at the discretion of the United States Treasury Department. The New York Federal Reserve is the regional bank with a permanent vote on the Federal Open Market Committee. A public competition for the design of the building was held, the bank moved to its current location in 1924. The Federal Reserve Bank of New York maintains a vault that lies 80 feet below street level and 50 feet below sea level, by 1927, the vault contained 10% of the worlds official gold reserves. Currently, it is reputedly the largest gold repository in the world and holds approximately 7,000 tonnes of gold bullion, nearly 98% of the gold at the Federal Reserve Bank of New York is owned by the central banks of foreign nations. The rest is owned by the United States and international such as the IMF. The Federal Reserve Bank does not own the gold but serves as guardian of the metal, which it stores at no charge to the owners. Moving the bars requires special footwear for the staff, to protect their feet in case they drop one of the gold bars weighing 28 pounds, the vault is open to tourists. On October 17,2012, Quazi Mohammad Rezwanul Ahsan Nafis,21, was arrested attempting to detonate what he believed to be an 800-pound bomb. A joint FBI/NYPD operation flagged the suspect on the Internet and set up the sting with fake explosives, in 2013, Nafis pleaded guilty and was sentenced to 30 years in federal prison. The Federal Reserve Bank of New York Buffalo Branch used to be the branch of the Federal Reserve Bank of New York. The New York Fed opened for business on November 16,1914 and he led the Bank until his death in 1928

7.
Federal Reserve Bank of Boston
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It is headquartered in a distinctive 614-foot tall, 32-story Federal Reserve Bank Building at 600 Atlantic Avenue, Boston. Designed by architecture firm Hugh Stubbins & Associates, the portion of the building is suspended between two towers on either side. The code of the Bank is A1, meaning that dollar bills from this Bank will have the letter A on them and its current president is Eric S. Rosengren, who replaced Cathy E. Minehan in July 2007. The Boston Fed describes its mission as promoting growth and financial stability in New England, the Boston Fed also includes the New England Public Policy Center. The following people serve on the board of directors as of 2015, All terms expire December 31

8.
Washington, D.C.
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Washington, D. C. formally the District of Columbia and commonly referred to as Washington, the District, or simply D. C. is the capital of the United States. The signing of the Residence Act on July 16,1790, Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, named in honor of President George Washington, the City of Washington was founded in 1791 to serve as the new national capital. In 1846, Congress returned the land ceded by Virginia, in 1871. Washington had an population of 681,170 as of July 2016. Commuters from the surrounding Maryland and Virginia suburbs raise the population to more than one million during the workweek. The Washington metropolitan area, of which the District is a part, has a population of over 6 million, the centers of all three branches of the federal government of the United States are in the District, including the Congress, President, and Supreme Court. Washington is home to national monuments and museums, which are primarily situated on or around the National Mall. The city hosts 176 foreign embassies as well as the headquarters of international organizations, trade unions, non-profit organizations, lobbying groups. A locally elected mayor and a 13‑member council have governed the District since 1973, However, the Congress maintains supreme authority over the city and may overturn local laws. D. C. residents elect a non-voting, at-large congressional delegate to the House of Representatives, the District receives three electoral votes in presidential elections as permitted by the Twenty-third Amendment to the United States Constitution, ratified in 1961. Various tribes of the Algonquian-speaking Piscataway people inhabited the lands around the Potomac River when Europeans first visited the area in the early 17th century, One group known as the Nacotchtank maintained settlements around the Anacostia River within the present-day District of Columbia. Conflicts with European colonists and neighboring tribes forced the relocation of the Piscataway people, some of whom established a new settlement in 1699 near Point of Rocks, Maryland. 43, published January 23,1788, James Madison argued that the new government would need authority over a national capital to provide for its own maintenance. Five years earlier, a band of unpaid soldiers besieged Congress while its members were meeting in Philadelphia, known as the Pennsylvania Mutiny of 1783, the event emphasized the need for the national government not to rely on any state for its own security. However, the Constitution does not specify a location for the capital, on July 9,1790, Congress passed the Residence Act, which approved the creation of a national capital on the Potomac River. The exact location was to be selected by President George Washington, formed from land donated by the states of Maryland and Virginia, the initial shape of the federal district was a square measuring 10 miles on each side, totaling 100 square miles. Two pre-existing settlements were included in the territory, the port of Georgetown, Maryland, founded in 1751, many of the stones are still standing

9.
Federal Reserve Bank of Chicago
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The Federal Reserve Bank of Chicago is one of twelve regional Reserve Banks that, along with the Board of Governors in Washington, D. C. make up the nations central bank. S. Government, and monitors economic conditions in its District, as one of the Reserve Banks that make up the Federal Reserve System, the Chicago Fed is responsible for, Helping to formulate national monetary policy. The Chicago Feds CEO, Charles L. Evans, helps formulate monetary policy by taking part, providing financial services such as cash, check clearing and electronic payment processing. Each day the Federal Reserve System processes millions of payments in the form of paper checks and electronic transfers. These payments services are offered to institutions in the Seventh District on a fee basis, because of a nationwide reduction in the use of checking instruments, the Chicago Fed and most other Reserve Banks ceased processing paper checks on November 17,2009 and electronic checks in 2010. Items previously routed to this facility are now routed to the Federal Reserve Bank of Cleveland or to the Federal Reserve Bank of Atlanta, supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. These organizations are located within the Seventh Federal Reserve District, Charles L. Evans is the president of the Chicago Fed. He took office on September 1,2007 as the ninth president, ellen Bromagen is first vice president and chief operating officer of the Chicago Fed. The Chicago Fed annually co-hosts in Chicago an international banking conference to examine cross-national banking, the Banks Money Museum is free and open to the public year-round from 8, 30am to 5pm, Monday through Friday, except on Bank holidays. All visitors must show a photo identification, walk through a detector and have their bags x-rayed before entering the Money Museum. No food or drink are allowed in the museum, a presentation lasting roughly 45 minutes is available at 1pm on Monday through Friday, or by appointment. The rest of the Money Museum is accessible at any time during open hours, the museum includes a free kiosk, which takes a guests picture in front of a million dollars in $100 bills. A million dollars in $1 bills and a million dollars in $20 bills are on display, the museum has been known for giving out bags of shredded money as souvenirs. The Federal Reserve Bank of Chicago Detroit Branch is the branch of the Federal Reserve Bank of Chicago. The following people are on the board of directors as of 2016, class A directors are elected by member banks to represent member banks. Class B directors are elected by member banks to represent the public, class C directors are appointed by the Board of Governors to represent the public

10.
Federal Reserve Bank of San Francisco
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The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states-—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus the Northern Mariana Islands, American Samoa, and Guam. The Federal Reserve Bank of San Francisco has branch offices in Los Angeles, Portland, Salt Lake City and it also has a cash processing center in Phoenix. The twelfth district is the nations largest by area and population, the Federal Reserve Bank of San Francisco is the second-largest by assets held, after New York. In 2004 the San Francisco Fed processed 20.8 billion currency notes and 1.5 billion commercial checks, the current president, appointed in 2011, is John C. Williams. The Federal Reserve Bank in San Francisco has one of the largest collections of U. S. paper money in the United States, which is displayed in the American Currency Exhibit. In 1924, the San Francisco staff moved out of locations and into the Banks newly built headquarters at 400 Sansome Street. In 1983, the relocated to 101 Market St. The old headquarters building of the bank, designed by George W. Kelham, has an Ionic colonnade that is pure Beaux-Arts, the lobby with murals by Jules Guerin who created the palette for the 1915 Panama-Pacific International Exhibition. In 1983 the bank relocated to larger and more facilities on 101 Market Street as the 400 Sansome Street location was sold to private developers who rented out the space. Prominent law firm Orrick Herrington & Sutcliffe was headquartered in the building until 2002 when the firm moved out of the space, the building continues to be owned by private developers and current tenants include the Bar Association of San Francisco. It is listed on the National Register of Historic Places, there is also a Federal Reserve Bank of San Francisco building in Los Angeles. The 1929 built building is also NRHP-listed, from 1951 to 2008, the Seattle branch was headquartered at the Federal Reserve Bank Building in Downtown Seattle, which had been built in 1951 for the branch and is listed on the NRHP. The following people serve on the board of directors as of 2013, All terms expire December 31. 7943°N122. 4008°W﻿ /37.7943, -122.4008

11.
Federal Reserve Bank of Minneapolis
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Although its geographical territory is the third largest of the 12 Federal Reserve banks, it serves the smallest population base of the system. It has one branch, which is in Helena, Montana, the bank has a staff of over 1000 people. Neel Kashkari became the president on January 1,2016. The Minneapolis Fed has strong ties to the department at the University of Minnesota. Nobel laureate economist Edward Prescott was affiliated with institutions for a long time. The Bank publishes The Region, a magazine featuring articles about economic policy, three buildings have served as headquarters for the district, all within a few blocks of each other. All three buildings are standing as of 2017 and it was designed by Cass Gilbert, architect of the Minnesota State Capitol building. The building was unusual in that there were no windows on the walls close to the street—from the start. Only up at the top was anyone able to look out from the building, the structure only became more strange in the 1950s, when a small skyscraper eight stories tall was added on top. The modern superstructure clashed with the granite Roman columns on the buildings façade, after a three-year development the National City Bank of Minneapolis moved into the building as its principal tenant. After the renovation, the received the Minneapolis Committee on the Urban Environment award for contributed the most to Minneapoliss urban environment. In 2013, the 510 Marquette building was sold for $6.69 million, at the time it was reported to have 198,552 square feet. It was purchased by Marquette Partners LLC, an affiliate of Minneapolis-based Swervo Development, the seller was OP2 Marquette, an affiliate of Opportunity Advisors of Eden Prairie, Minnesota. Opportunity Advisors had purchased the building in May 2012 for somewhere around $5-$6 million and it is noted as the first building ever made to use catenary support. Design problems, along with asbestos contamination, led the Federal Reserve to decide to move into a new complex, the new owner rehabilitated the building and added on, and the building temporarily housed the central Minneapolis Public Library while its new building was under construction. The building was designed to accommodate another cable to complete the circle, designed by architecture firm HOK, a complex along the Mississippi River now serves as home to the Minneapolis Fed, which moved there in 1997. The address was set as 90 Hennepin Avenue to match the 9th district designation and it is located on the site of the former Minneapolis Great Northern Depot adjacent to the Hennepin Avenue Bridge and the Pacific sawmill once owned by T. B. Walker and George A. Camp. The following people are on the board of directors as of 2016, class A directors are elected by member banks to represent member banks

12.
Federal Reserve Bank of Kansas City
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The current president is Esther George. The Fed in Kansas City is second only to the Federal Reserve Bank of San Francisco in size of area served. Missouri is the state with two main branches of Federal Reserve Banks. The other is in St. Louis, Federal Reserve Notes issued by the bank are identified by J on the face of one and two dollar bills and the J10 on the face of other currency. The first bank building was the R. A, shortly after it was established, the bank rented space to outside tenants. President Harry S. Truman had his office in Room 1107 of the building from when he left the Presidency in 1953 until the Truman Library was completed in 1957. In 2002, the announced plans to build a new facility at 1 Memorial Drive 20 blocks south at 29th. The historic 925 Grand Building was the oldest building of any Federal Reserve Bank operating at that time and it was sold to Townsend LLC in March 2005 and the Reserve leased back the structure until the new building opened. It was designed by Henry N. Cobb of Pei Cobb Freed & Partners, the bank employs 925 people in Kansas City. Since 1978, the Kansas City Fed has held an annual economic policy symposium, from 1978–1981, it was held at different locations, and from 1982 it has been held in Jackson Hole, Wyoming. From 1978 to 1981 the symposia focused on economic issues. Since 1981 topics have been broad and the symposia have gotten broader attention. In 2003 and 2005, papers were presented at the symposium that were critical of the status quo and these ideas in these papers were rejected at the time, but later were seen as having predicted the financial crisis of 2007-2010. The Fed operates a museum at its new site, called The Money Museum and it offers visitors opportunities to learn about the functions Federal Reserve system and Americas financial systems. Truman Coin Collection, and an opportunity to lift a real gold bar, the museum is open weekdays for self-guided tours and for one-hour guided tours, except holidays. Under the Class A category, a director will be elected by a group of member banks classified as either 1,2 or 3. This classification is based on the amount of capital and surplus for each commercial bank. Each group within the class elects one director, Class B - Three Class B directors represent the public

The Federal Reserve Bank of Boston, commonly known as the Boston Fed, is responsible for the First District of the …

The Federal Reserve building in Boston (tall white building on left, plus white lowrise in front of tower), and other buildings as seen from the south side of the Fort Point Channel. The Summer Street bridge is at the far left, and the Congress Street bridge on the right.